Since bottoming near the end of June and ultimately trading as low as $27.00, EWP (iShares MSCI Spain, Expense Ratio 0.52%) has skyrocketed back to its highest level since the beginning of the year, closing at $31.90 on Friday.

EWP has been around since 1996 and currently has $321 million in assets under management while averaging 550,000 shares traded on a daily basis.

The fund is heavily weighted towards the Financial Services sector (40.14%), with top holdings #1 Banco Santander SA (18.94%) and #3 Banco Bilboa Vizcaya Argentaria SA (11.49%) collectively making up more than 30% of the overall portfolio, with lesser exposure to sectors like Industrials, Utilities, and Communication Services.

EWP remains the only “pure-play” ETF dedicated to exposure to equities listed in Spain, although Spain is reasonably well represented in several other ETFs that follow a broader scope.

FAN (First Trust ISE Global Wind Energy, Expense Ratio 0.60%), which we have mentioned recently in terms of its impressive performance and increase in trading volume, has a 23.51% portfolio weighting to Spain, as does lesser known HEDJ (WisdomTree Europe Hedged Equity, Expense Ratio 0.58%, 12.72% weighting), which is also up notably year to date.

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